by faxonsettlement | Jul 24, 2017 | Federal Programs
Today, our video will explain what 203(B) and 203(K) loans are. Contact Us Today, Your 203(B) & 203(K) Loan Experts! 203(B) is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines limited lender’s fees, and...
by faxonsettlement | Jan 13, 2014 | Federal Programs
Remember these points from the video:the FHA works to make homeownership a possibility for more Americans. With the FHA, you don’t need perfect credit or a high-paying job to qualify for a loan. The FHA also makes loans more accessible by requiring...
by faxonsettlement | Jan 13, 2014 | Federal Programs
The video puts this in more visual terms, but with the exception of a few additional forms the FHA loan application process is similar to that of a conventional loan. With new automation measures FHA loans may be originated more quickly than before. And, if you...
by faxonsettlement | Jan 13, 2014 | Federal Programs
While this video simplifies things to help you remember, except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional loan. As of 2013, the FHA requires a single, upfront mortgage insurance premium equal...
